Latest news
ABS backed by sovereign wealth fund sets up insurance business
A pioneering ABS is set to become the first law firm to launch its own PII product – for law firms, among others – and revealed it has investment from a sovereign wealth fund.
Simple errors in Land Registry applications cost conveyancers £19m
Conveyancers’ failures to get names right in applications to HM Land Registry is costing them up to £3.6m a year in fee-earner time to correct, the agency has estimated.
Law firm rebuked for not distributing estate after merger
A Surrey law firm that failed to deal with an estate it took on after merging with another practice has been rebuked by the Solicitors Regulation Authority.
Clinical negligence revenues set to slow as number of firms falls
Consolidation in the clincial negligence market will continue as the market slows over the next couple of years, a report has suggested.
Supreme Court: clients must agree specific costs deductions
Solicitors cannot deduct their costs from a client’s damages without their agreement to the precise amount, the Supreme Court ruled today.
Report: Trust in legal services high but more costs transparency needed
Most people have trust and confidence in legal services, but would like the Solicitors Regulation Authority to do more on their cost, major new research has found.
SRA: Timing of Post Office and Axiom Ince prosecutions uncertain
It is too early to say when prosecutions arising out of the Post Office scandal and Axiom Ince will occur, the chief executive of the Solicitors Regulation Authority said yesterday.
119 criminal defence firms warn Lord Chancellor over legal aid
A group of 119 criminal law firms have warned the government not to mistake their submitting applications for the new legal aid contract for an intention actually to sign it.
Contract platform to recruit lawyers after £13m funding boost
A UK-based contract platform which uses artificial intelligence to draft, edit and review agreements has secured £13.3m in its latest funding round.
Large law firms negative about impact of GenAI on finances
The majority of large law firms outside of the top 10 are negative about the impact of generative artificial intelligence on their practices, new research has shown.
Blog
AI and law firm risk – the view of professional indemnity insurers
In considering law firm applications for cover, many insurers will expect to see evidence of how firms are adapting to AI and preparing for the future.
Automation in personal injury claims: The evolving legal risks
As automation tools become more sophisticated, they are increasingly used for more complex tasks, such as interpreting evidence and informing case strategy, particular in the PI sector.
A new era of legal operations
What we are seeing in the UK legal market is extraordinary change that will greatly influence how firms operate and compete for years to come.
